By right, notice
of VP can only be given once CCC is out, in accordance with the Housing Act.
However, many developers ignore this and are keen to release notice of VP as this triggers the defects and liability period on the property. Irreponsible developers like Empire Holdings offer ONLY SIX MONTHS of defects period, which starts at the issuance of VP. BUT, even after the issuance of VP & also after settling all payments to MEH, purchasers are not allowed to even inspect, look or step into their units despite getting a clearance letter from them! They have suddenly announced a start date of inspections of 25 Feb... am onth from VP issuance and now, 5 months left of the defects period.
This is incredibly unfair to the purchaser and I believe MANY are in the same boat.
For as long as no collective voice raises complaints, these sneaky, unethical ways of errant developers will persist.
Vacant possession : definition and charges ?
Feb 20 2013, 04:25 PM
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